Press Release

DBRS Places Dune Entertainment III, LLC Under Review- Negative

Other
December 31, 2012

DBRS Inc. (DBRS) has reviewed the Dune III, LLC film receivables asset-backed securities transaction and placed its rating Under Review Negative. The action is the result of performance concerns and the availability of information necessary to assess the credit strength of the transaction. DBRS has requested access to further information that could result in the rating being confirmed, downgraded, or if the information is not received, withdrawn.

DBRS examines the return on investment for film portfolios as well as cash flow and coverage tests in assessing the credit strength of securitizations backed by cash flows from film portfolios.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Jayce Fox
Committee Chair: Erin Stafford
Initial Rating Date: March 8, 2010
Most Recent Rating Date: August 9, 2011

Ratings

  • US = Lead Analyst based in USA
  • CA = Lead Analyst based in Canada
  • EU = Lead Analyst based in EU
  • UK = Lead Analyst based in UK
  • E = EU endorsed
  • U = UK endorsed
  • Unsolicited Participating With Access
  • Unsolicited Participating Without Access
  • Unsolicited Non-participating

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